Ermenegildo Zegna NV (STU:JN0) ROCE %: 8.64% (As of Dec. 2025)


STU:JN0 Ermenegildo Zegna NV STU:JN0
83 GF Score
Price €11.33
GF Value €9.89
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ermenegildo Zegna NV ROCE %?

Ermenegildo Zegna NV STU:JN0 +1.34% 83 ROCE % is 8.64% as of Dec. 2025. GuruFocus rates STU:JN0 with a GF Score™ of 83/100 and a GF Value™ of €9.89 (Modestly Overvalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ermenegildo Zegna NV's annualized ROCE % for the quarter that ended in Dec. 2025 was 8.64%.

Ermenegildo Zegna NV  (STU:JN0) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ermenegildo Zegna NV ROCE % Related Terms

Ermenegildo Zegna NV ROCE % Historical Data

* Premium members only.

The historical data trend for Ermenegildo Zegna NV's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ermenegildo Zegna NV ROCE % Chart

Ermenegildo Zegna NV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -4.57 7.06 12.05 9.12 8.86

Ermenegildo Zegna NV Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.03 8.49 9.51 9.57 8.64
STU:JN0
83GF Score
Ermenegildo Zegna NV STU:JN0
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ermenegildo Zegna NV ROCE % Calculation

Ermenegildo Zegna NV's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=180.001/( ( (2833.973 - 852.885) + (2834.708 - 750.392) )/ 2 )
=180.001/( (1981.088+2084.316)/ 2 )
=180.001/2032.702
=8.86 %

Ermenegildo Zegna NV's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=173.15/( ( (2727.238 - 801.751) + (2834.708 - 750.392) )/ 2 )
=173.15/( ( 1925.487 + 2084.316 )/ 2 )
=173.15/2004.9015
=8.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 8.64% mean?
Ermenegildo Zegna NV (STU:JN0) has a ROCE % of 8.64% as of Dec. 2025.
Is Ermenegildo Zegna NV's ROCE % too high?
Ermenegildo Zegna NV's current ROCE % is 8.64%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.12. Ermenegildo Zegna NV's value of 8.64% is 41.2% above this industry median. Overall, Ermenegildo Zegna NV has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's ROCE % compare to PVH and COLM?
Ermenegildo Zegna NV's ROCE % of 8.64% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.12. Ermenegildo Zegna NV's value of 8.64% is 41.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.12, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ermenegildo Zegna NV's current ROCE % of 8.64% is 41.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermenegildo Zegna NV's current ROCE % is 8.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (STU:JN0) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.89, compared to a current price of €11.33 — trading 14.6% above its estimated fair value. The current ROCE % is 8.64% and 41.2% above the Manufacturing - Apparel & Accessories industry median of 6.12. Ermenegildo Zegna NV's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ermenegildo Zegna NV (STU:JN0), the current ROCE % is 8.64% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ermenegildo Zegna NV (STU:JN0) Overvalued in 2026?

Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued. The current stock price of €11.33 is trading 14.6% above its estimated GF Value™ of €9.89. GuruFocus considers Ermenegildo Zegna NV to be Modestly Overvalued.

Key valuation signals for STU:JN0:

  • ROCE %: 8.64%
  • GF Value™: €9.89 vs. price of €11.33 (14.6% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 41.2% above the Manufacturing - Apparel & Accessories median

No single metric tells the full story. See the STU:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ermenegildo Zegna NV Business Description

Other Exchanges ZGN:USA
Address Viale Roma 99/100, Valdilana location, Trivero, ITA, 13835
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
83GF Score

Get the complete analysis for STU:JN0

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.33
Price
€9.89
GF Value